Handling Multiple Offers With the right pricing, market conditions, and marketing, you may find yourself with multiple offers. However, don’t drag your feet and try to force multiples and potentially lose a good offer. You may have heard the old saying, “bird in the hand is better than two in the bush.” You never want to risk losing a good offer only for the purpose to try to get another offer.
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If you have multiple offers, or it looks like you are going to have multiple offers, be decisive and set deadlines. Let any standing offers know you are calling for “highest and best offers” within twenty-four to fortyeight hours. Only let showings know about the other offers after they have viewed the home. If you notify them prior to showing, there is a high likelihood they might cancel their showing to avoid a bidding war. Give them an opportunity to fall in love with your home first.
THE SMART SELLER
